At Last, The 'Netflix For Books' Is Here

Meet Oyster, the book subscription app that wants to do for books
what Netflix did for movies and what Spotify did for music;
provide an all-you-can-read experience for a monthly fee.

For $9.95 a month, you can download and enjoy titles from
HarperCollins, Workman, Melville House, and Houghton
Mifflin Harcourt. Boasting 100,000 titles so far, Oyster is still
working to procure more publishing companies to add to its
roster.

Instead of focusing on a tablet experience to compete with other
various e-readers, founders Eric Stromberg, Andrew Brown, and
Willem Van Lancker shared on the
company blog that they're concentrating on making a
seamless app for smartphones.

We’re building Oyster as an end-to-end product created
specifically for mobile. Everything from recommendations to the
in-book experience allows you to easily reach for books at
moments of impulse throughout your day— whether on the subway,
waiting for a friend to meet you for coffee, or while relaxing in
the park.

Founders Fund, a team of
venture capitalists that includes Peter Thiel and Sean Parker, is
Oyster's lead investor in their first round of financing.

The app is currently in waitlist mode, a tactic many apps use
(remember
email app Mailbox?) to build excitement and hype around its
launch. It began rolling out invitations yesterday.